Notice of general meeting and posting of circular

RNS Number : 0350N

Rose Petroleum PLC

03 May 2018

 

3 May 2018

Rose Petroleum plc

("Rose", the "Company" or the "Group")

Notice of general meeting and posting of circular

Rose Petroleum plc (AIM: ROSE), the AIM quoted natural resources business, announces that further to its announcement of 2 May 2018, the Company is today publishing a Circular to convene a General Meeting of shareholders to propose resolutions to enable completion of the proposed placing.

The general meeting will be held at 11.00 a.m. on 21 May 2018 at the offices of Allenby Capital Limited, 5 St. Helen's Place, London EC3A 6AB.  The circular containing the notice of general meeting will be sent to shareholders today and will shortly be available on the Company's website, www.rosepetroleum.com .

Enquiries:

Matthew Idiens (CEO) Chris Eadie (CFO)	Rose Petroleum plc	Tel: [phone] Tel: [phone]
Jeremy Porter / James Reeve / Liz Kirchner	Allenby Capital Limited	Tel: [phone]
Andy Thacker	Turner Pope Investments	Tel:  [phone]

Media enquiries:

Peter Curtain

Allerton Communications

Tel: [phone] [e-mail]

Notes to editors

Rose Petroleum plc (http://rosepetroleum.com) is a North America-focused oil and gas company whose primary asset is approximately 80,000 acres in the oil and gas producing Paradox Basin in Utah, U.S.A., where it is earning into a 75% working interest. Using high-quality data gathered in a 3D seismic survey completed in October 2017, the Company has identified drilling locations in naturally fractured areas of the Paradox clastics formation with the intention of commencing a drilling programme in H2 2018, once necessary permits and funding have been secured.

The Company's established management is supported by an expert technical team with extensive experience of the basin, where current operations nearby have proven successful, with significant initial production rates and low decline rates, offering strong economics even in the present oil price environment.

The Company's strategy is to grow both organically and through acquisition, identifying additional hydrocarbon assets, conventional or unconventional, that would benefit from the Company's fast-acting, entrepreneurial approach.

Rose Petroleum has been quoted on AIM since June 2004.

 

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